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Who are the owners of luxury apartments in District 1?
Wednesday,  Jan 23, 2019,18:19 (GMT+7)

Who are the owners of luxury apartments in District 1?

A view of The Grand Manhattan, a luxury apartment project in downtown HCMC

The just-launched Grand Manhattan has become the center of splendor due to its luxury apartments being located in downtown HCMC, which are not easy to own.

From international investors

Elena Goh, a Singaporean real estate investor, is one of the first owners of apartments at The Grand Manhattan, “HCMC is a market my husband has eyed for ages. So we decided to purchase apartments as soon as the project was introduced to the market. Compared with other property markets which I have invested into such as Hong Kong, apartments in HCMC have a much lower price and profit margins reach 4%-5%, compared to Hong Kong’s 1%-2%.”

As an experienced real estate investor, Elena Goh said, “In Hong Kong and Singapore, profit growth of luxury properties tend to be stable. I believe that profits from real estate projects in HCMC, which is an emerging market, are always high. Further, as I used to invest in a project of Novaland, I have peace of mind.”

The Grand Manhattan offers five-star services

As land in the center of the city growing scarce, The Grand Manhattan is considered a “diamond” of the luxury apartment segment. The project on Co Bac and Co Giang streets in District 1, the central business district of the city, covers a total area of 14,000 square meters.

The Grand Manhattan features a shopping center, a swimming pool, a park, a BBQ area and gardens with a total area of 4,200 square meters, which add value to the project in a prime location of the city. The owners of such high-end apartments will also enjoy convenient car parking in downtown HCMC.

Ly Quoc Hung, a Vietnamese customer from the Netherlands, said, “I have poured much money into the local real estate market. Novaland is my favorite brand as Novaland has high prestige in the real estate sector and hands over apartments to customers as punctually as committed. Further, The Grand Manhattan’s parking space gives customers convenience for travelling. Hopefully, the project will be completed as planned and become a high quality home for the family.”

Truong Ngoc Anh and Chi Bao enjoy the million-dollar view featuring HCMC's landmarks

To domestic real estate expertise

“Having lived in District 1, HCMC for more than 10 years, I clearly know the value of property in the area. The demand for homes of foreigners in District 1 is high. Apartments designed for CEOs are rented at US$2,500-2,700 per month and such homes are always in short supply. In addition, many customers find it hard to have a parking space in downtown HCMC,” said actor and entrepreneur Chi Bao, a customer of The Grand Manhattan.

Participating in the inauguration ceremony of the project, Tran Quang Hai Long, a resident in Phu Nhuan District, said, “I have chosen The Grand Manhattan as the project is situated in the center of the city, with beautiful views from the apartment and sufficient sunshine, providing my family with comfort. Besides this, the apartment also captivates me thanks to the Smarthome system. Especially, the profit margins at The Grand Manhattan are high, ranging from 25% to 30% according to my forecast.”

A private parking lot designed for each resident living in The Grand Manhattan

“This is a once-in-a-lifetime chance to own an apartment in District 1,” said entrepreneur Tran Trang Cam Tu in Tan Binh District. “My foreign partners when visiting Vietnam for business will realize my enthusiasm and hospitability when they stay at a luxury home at The Grand Manhattan.”

The Grand Manhattan can meet the demand for high quality of life and bring profit to domestic and international customers. In fact, the luxury real estate segment is specially appealing to customers as it faces little volatility. The project is also regarded as a symbol of prosperity, contributing to HCMC’s development.

A park and gardens covering a total area of 4,200 square meters add value to the project in a prime location of the city
For more information, please contact: 0938 55 19 19 or visit website: www.thegrandmanhattan.com.vn

 

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